SHANGHAI, March 14 (Reuters) - China’s securities regulator on Wednesday slapped a record 5.5 billion yuan ($870.87 million) fine on a Chinese company for share price manipulation, the official Shanghai Securities News reported.

The penalty on Bei Ba Dao Group, announced by the China Securities Regulatory Commission (CSRC) at a press briefing in Beijing, underscores Beijing’s determination to root out misbehaviour in the country’s stock market.